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Wednesday, October 20, 2010

HRB getting too bearish?

This stock has been punished this past week and down another 5% today as the S&P credit rating came out saying it could lower HRB's rating. Very bearish news on very heavy volume. However, HRB may bounce here as it approaches a 2 year old trendline. Watch for a bottoming tail to form this will signal a reversal in the stock price.

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